Investing.com - Canada's Ivey purchasing managers’ index unexpectedly increase in October, bolstering optimism over the health of the economy, industry data showed on Friday.
In a report, the Richard Ivey School of Business said its purchasing managers’ index rose to 59.7 last month from a reading of 58.4 in September.
Analysts had expected the index to increase to 56.0 in October.
A figure above 50.0 indicates industry expansion, below indicates contraction.
Immediately following the report, USD/CAD was trading at 1.3434 from around 1.3427 ahead of the release of the data.